(SCTP Module) Performance, Remuneration, and Benefits
About This Course
The first part of this module introduces students to the objectives of total reward, pay structures and compensation design, pay-for-performance practices, employee benefits and work-life harmony strategies as well as salary and benefits administration. The students will learn practical skills such as preparing salary proposals and manpower budgets, doing Central Provident Fund and tax-related submissions, costing for benefits and preparing payroll spreadsheets. In addition, they will evaluate current issues such as improving salaries of low-wage workers and consider how recommendations of the National Wage Council are implemented. In the second part, students will examine the current context of career planning, how to institute career development programs and provide career advice. In addition, they will examine the process of identifying high-potential staff and how line managers can use various methods such as stretch assignments and coaching to develop talent in their departments.
What You'll Learn
2. Explain the basic components and principles of remuneration, benefits, and performance management.
3. Develop strategies for total rewards, with a focus on remuneration, benefits, and performance management.
4. Develop strategies for executive compensation.
5. Develop and evaluate salary structures, with a focus on grades-and-range.
6. Propose salary adjustments.
7. Develop and evaluate international compensation programme.
8. Explain legal, operational, and strategic developments in the practice of remuneration, benefits, and performance management in Singapore and key economies.
Entry Requirements
Proficiency in English